NYC financed over 30,000 affordable homes this year: de Blasio

Kimberly Dole
August 05, 2020 - 1:17 pm
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NEW YORK (1010 WINS) -- Mayor Bill de Blasio on Wednesday announced that the city has financed over 30,000 affordable homes this fiscal year, including a record of 23,520 homes preserved and 6,503 new construction units.

"New Yorkers will rely on safe, affordable housing more than ever as we continue our fight against COVID-19," said de Blasio said. "Our efforts to finance and preserve affordable options for low-income New Yorkers will help our most vulnerable neighbors remain stable and healthy in the months to come – and help us emerge from this crisis a fairer, better city."
 
Over 50 percent of homes that were financed served families earning less than $52,000 and 3,600 New Yorkers received voucher increases to make up for lost income due to COVID-19,  the mayor said.
 
The city is also actively identifying projects that meet the urgency of the post-COVID-19 era and will explore different financing options to help residents find affordable housing including the newly relaunch NYC Housing Connect website and temporarily suspending terminations, automatically renewing rental vouchers and moving all Section 8 operations online.
 
Throughout 2021, the city plans to leverage federal and city resources and key partnerships to advance affordable housing development and according to a statement, the city will prioritize projects that serve seniors, homeless households, and low-income families.
 
Projects on track to be financed in the coming months are in partnership with Minority and Women-Owned Business Enterprises and local non-profit entities and are anticipated to create thousands of jobs the statement adds.
 
"The pandemic has made us see even more clearly what housing means for communities, public health and the future of New York City. The city’s recovery depends on our ability to keep people in their homes and stretch our dollars further to build and preserve even more affordable housing in these challenging times," said Deputy Mayor Vicki Been. 
 
"We are committed to that goal, and working hard to target new tools and resources to address the need for stable, deeply affordable housing for the City’s most vulnerable residents," she adds.